AI-powered search startup Glean doubles valuation in new funding round [Video]

AI-powered search startup Glean said Tuesday it has raised $260 million in a funding round that values the tech company at $4.6 billion — more than double its last reported valuation. The Palo Alto, California-based firm, ranked No. 43 on this year’s CNBC Disruptor 50 list, has now raised more than $600 million to date from more than 20 investors.

Glean competes with a herd of well-financed generative AI startups and tech giants, attempting to compete with Microsoft Copilot and chatbot Amazon Q. It also aims to disrupt a field of cognitive search tool providers such as Perplexity, Coveo, Sinequa and LucidWork.  

Glean’s Series E round, led by Altimeter and DST Global, includes Craft Ventures, Sapphire Ventures, and SoftBank Vision Fund 2, all new investors in the company.

Existing investors in the round include Coatue, General Catalyst, ICONIQ Growth, IVP, Kleiner Perkins, Latitude Capital, Lightspeed Venture Partners, and Sequoia Capital.

Founder and CEO Arvind Jain started Glean in 2019 …